Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Technology OneASX:TNE -0.76%97 EV-to-OCF is 34.41 as of Aug. 20, 2026, which is 4% above its 10-year median of 33.23. GuruFocus rates ASX:TNE with a GF Score™ of 97/100 and a GF Value™ of A$30.68 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,877 Software companies, Technology One ranks worse than 86.06% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Technology One's Enterprise Value is A$10,512.2 Mil.
Technology One's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was A$305.5 Mil. Therefore, Technology One's EV-to-OCF for today is 34.41.
The historical rank and industry rank for Technology One's EV-to-OCF or its related term are showing as below:
ASX:TNE'
s EV-to-OCF Range Over the Past 10 Years
Min: 21.68 Med: 33.23 Max: 64.39
Current: 34.41
During the past 13 years, the highest EV-to-OCF of Technology One was 64.39. The lowest was 21.68. And the median was 33.23.
ASX:TNE's EV-to-OCF is ranked worse than 86.06% of 2877
companies
in the Software industry
Industry Median: 7.02
vs ASX:TNE: 34.41
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Technology One's PE Ratio (TTM) for today is calculated as:
Technology One's share price for today is A$32.46.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Technology One's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was A$0.431.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Technology One EV-to-OCF Related Terms
Technology One EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Technology One's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, Technology One's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Technology One EV-to-OCF vs Software Industry
For the Software industry and Technology sector, Technology One's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Technology One's EV-to-OCF falls into.
Technology One's current Enterprise Value is A$10,512.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Technology One's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was A$305.5 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Technology One (ASX:TNE) has a EV-to-OCF of 34.41 as of Aug. 20, 2026. This is near median its historical median of 33.23. Over the past decade, Technology One's EV-to-OCF has ranged from 21.68 to 64.39. According to the industry distribution chart, Technology One ranks #2476 out of 2877 companies in the Software industry, placing it in the top 86.1%.
Is Technology One's EV-to-OCF too high?
Technology One's current EV-to-OCF of 34.41 is near median its 10-year median of 33.23. Over the past 10 years, this metric has ranged from a low of 21.68 to a high of 64.39. The Software industry median EV-to-OCF is 7.02. Technology One's value of 34.41 is 390.2% above this industry median. Based on the distribution chart, Technology One ranks #2476 out of 2877 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Technology One has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Technology One's EV-to-OCF compare to QH and SHOP?
According to the Software industry distribution chart, Technology One ranks #2476 out of 2877 companies for EV-to-OCF. This places Technology One in the lower half of its industry. The industry median EV-to-OCF is 7.02. Technology One's value of 34.41 is 390.2% above this benchmark. Historically, Technology One's own EV-to-OCF has ranged from 21.68 to 64.39 over the past decade. While the company's 10-year median is 33.23 vs. the industry median of 7.02, Technology One has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Software company?
The median EV-to-OCF among Software companies is 7.02, based on 2,877 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Technology One's current EV-to-OCF of 34.41 is 390.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median EV-to-OCF is 7.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technology One's current EV-to-OCF is 34.41, which is near median its own 10-year median of 33.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technology One stock overvalued right now?
Based on GuruFocus' analysis, Technology One (ASX:TNE) is currently considered Fairly Valued. The stock's GF Value™ is A$30.68, compared to a current price of A$32.46 — trading 5.8% above its estimated fair value. The current EV-to-OCF is 34.41, which is near median its 10-year median of 33.23 and 390.2% above the Software industry median of 7.02. Technology One's overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Technology One (ASX:TNE), the current EV-to-OCF is 34.41 as of Aug. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Technology One (ASX:TNE) Overvalued in 2026?
Based on GuruFocus' analysis, Technology One stock appears to be overvalued.
The current stock price of A$32.46 is trading 5.8% above its estimated GF Value™ of A$30.68.
GuruFocus considers Technology One to be Fairly Valued.
Key valuation signals for ASX:TNE:
EV-to-OCF: 34.41 (near median its 10-year median of 33.23)
GF Value™: A$30.68 vs. price of A$32.46 (5.8% above fair value)
Industry Position: 390.2% above the Software median (#2476 of 2877)
No single metric tells the full story. See the ASX:TNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technology One is a technology company providing enterprise resource planning software, primarily to governmental organizations, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer.
97GF Score
Get the complete analysis for ASX:TNE
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:TNE has been successfully added to your 
